Shield AI has secured $165 million in a round of Series E financing and will use the capital to advance the development of its artificial intelligence pilot for military and commercial aircraft. Venture funds including Riot Ventures, Disruptive and Homebrew participated in the funding round led by Doug Philippone, co-founder of Snowpoint Ventures an...
In today’s U.S. health care market, speed is a top-ranking priority. In the wake of the COVID-19 pandemic, health care organizations are looking at ways to get technologies, systems and capabilities to market faster than ever before. But as advancements in technology continue to accelerate, the industry can’t afford to lag behind. “The unfortu...
Robert Persons, a three-decade technology industry veteran, has joined Sigma Defense Systems as director of business development. Persons most recently held a director role at ISPA Technology, where he worked with defense customers, according to his LinkedIn profile. He started his career at CDS and later worked for Diversified Technology, Verizon a...
Raytheon Technologies’ (NYSE: RTX) Collins Aerospace subsidiary and Axiom Space have won positions on a potential 12-year, $3.5 billion contract to develop next-generation spacesuits that would enable NASA astronauts to perform spacewalks outside the International Space Station and explore the lunar surface as part of Artemis missions. NASA said T...
Five companies will compete to develop and integrate cyber mission systems for the U.S. Air Force and its partner organizations under a contract vehicle worth potentially $950 million. The Air Force Research Laboratory is procuring hardware, software and technical documentation and reporting support services for the military branch through the indef...
John Roth, an aerospace industry veteran, has joined AAR Corp. as vice president of business development for the company’s government services business, according to his LinkedIn post. He most recently served as director of strategy and business development for the Future Programs at Northrop Grumman (NYSE: NOC) and previously held a similar r...
Fourteen companies have won positions on a potential $203.6 million multiple-award contract to help the Federal Communications Commission implement information technology systems and services. FCC named the winning vendors for the Application Development Support Services contract in a notice posted Tuesday on SAM.gov. Services cover the areas of pro...
A General Dynamics (NYSE: GD) subsidiary has received a $313.9 million contract modification from the U.S. Navy to support industrial base development and expansion efforts for the Columbia, Ford and Virginia class ballistic missile submarines. General Dynamics Electric Boat will also manufacture kits for the British Strategic Weapon Support System ...
Lockheed Martin (NYSE: LMT) has received a two-year, $632.1 million contract from Naval Air Systems Command to create software builds and conduct developmental flight tests for the F-35 program. The company’s aeronautics segment will provide logistics, maintenance, engineering and material services to U.S. and international military customers,...
Jim Edwards, a retired U.S. Army colonel, has rejoined SOS International to serve as senior vice president of business development. He will aim to advance strategic growth initiatives by securing new business for SOSi and expanding client relationships across federal civilian, defense and intelligence markets, the company said Thursday. Edwards retu...
